For those patriotic Americans out there who want to invest their tax rebate from the 2008 Economic Stimulus Package and still stimulate the economy, here is an idea: Yesterday, I read a blog post on Prosper.com that brought up a great point. If you don’t want to buy more stuff, and if you would prefer to invest or save your tax rebate (good for you, by the way), then why not loan that money out to someone who does want or need to buy stuff?
As long as the loan proceeds are put back into the economy, the tax rebate will actually do what it is intended to do, and at the same time you can generate a nice return. This is good for America, and good for your pocket book. You can’t beat that.
For those who are not familiar with Prosper, it is a peer-to-peer lending site where investors can provide small loans for profit. Prosper does all the work for the investors, from pulling credit to paperwork and collection. All the investor has to do is choose to whom they want to lend, and Prosper can even help with that. For more information on Prosper, check out our article: Prosper Peer-to-Peer Lending.